Soni Bhavik N. 4

What Happened

• Bhavik N. Soni, Hillenbrand’s Sr. VP & Chief Information Officer, had multiple insider transactions on 2026-02-10 tied to the company’s merger. The filing shows dispositions and cancellations covering a total of 56,054 shares (15,597 + 14,234 + 18,683 + 7,540). Under the merger agreement each share was converted into the right to receive $32.00 in cash, so the cash consideration tied to these shares is approximately $1,793,728 (before any required tax withholding). The Form 4 lists N/A for per-share price because the shares/awards were cashed out under the merger terms rather than sold in the open market.

Key Details

• Transaction date: February 10, 2026 (effective date of the Merger).
• Merger consideration: $32.00 per share (per filing footnote F1); total cash ≈ $1,793,728 before withholding.
• Reported items: dispositions of common shares and derivative interests (RSUs/options) and a brief acquisition/award entry reflecting RSU treatment prior to cancellation.
• Shares owned after transaction: not explicitly detailed in this Form 4 (many awards/options were cancelled for cash at the Effective Time).
• Notable footnotes: transactions resulted from the Agreement and Plan of Merger (Footnotes F1–F4). RSUs (time- and performance-based) and options were cancelled and converted to cash per the merger terms; payments are net of required tax withholding.
• Filing timeliness: filing reports the transactions dated the same day (no late filing indicated).

Context

• These were merger-related cash settlements (not open-market buys or discretionary sales). Restricted stock units and certain options were cancelled and paid out under the merger agreement — a routine corporate action when a company is being acquired. Such cash-outs do not necessarily reflect the insider’s personal view of the company’s future performance.